An understanding of consumer behavior (CB) can translate into better public policy for governments.

Question

Quizplus · Accepted Answer

An understanding of consumer behavior can help governments make informed decisions about policies that affect consumers, such as regulations and taxes. For example, if policymakers understand that consumers are more likely to choose healthier food options when they are prominently displayed in stores, they may implement policies that require grocery stores to prioritize these options. Similarly, understanding how consumers make decisions about energy use can inform policies related to energy conservation and emissions reductions.

An Understanding of Consumer Behavior (CB) Can Translate into Better